30-36 Camperdown, Coffs Harbour, New South Wales

The Observatory Self-Contained Apartments

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Business Description

HTL Property is pleased to exclusively present for sale The Observatory Self- Contained Apartments Coffs Harbour on the NSW North Coast.

Key Investment Highlights

• 16 freehold, self-contained apartments; 12 two-bedroom and 4 studios
• 6 three-bedroom, strata-titled dwellings, including manager’s residence (4 privately owned, 2 vendor owned)
• Ideally located in the Jetty precinct of Coffs Harbour within walking distance to the Harbour and world class beaches
• 2,322sqm landholding with triple frontage and wonderful ocean views
• $1.50m Gross Profit and c. $580k adjusted NOP in FYE 2023
• Number 1 regional NSW tourist destination with over 12.4 million visitors (Jun23)
• Capitalise on the prime coastal location and booming tourism market

Business Summary

Marketing Agent
Paul Nyholt
Paul Nyholt

James Carrick
James Carrick

Key Investment Insights

1. The business for sale is The Observatory Self-Contained Apartments located in Coffs Harbour, NSW on the North Coast.
2. The property consists of 16 freehold, self-contained apartments, including 12 two-bedroom and 4 studios.
3. In addition, there are 6 three-bedroom, strata-titled dwellings, including a manager's residence, with 4 privately owned and 2 vendor owned.
4. The apartments are ideally located in the Jetty precinct of Coffs Harbour, within walking distance to the Harbour and world-class beaches.
5. The property has a landholding of 2,322sqm with triple frontage and stunning ocean views.
6. The business has a strong financial performance, with a gross profit of $1.50m and adjusted net operating profit of approximately $580k in FYE 2023.
7. Coffs Harbour is the number 1 regional tourist destination in NSW, with over 12.4 million visitors as of June 2023.
8. The business is well-positioned to capitalize on the prime coastal location and the booming tourism market in the region.
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